Since the 1970s, private bankers let rich elites accumulate trillions in hidden wealth. At the same time, these nations experienced structural adjustment harshness.

They became debt-entrapped. Some borrowed themselves into insolvency. They sold off public assets at fire sale prices. They impoverished their people. They colluded with big money interests at their expense.

Through 2010, they accumulated over $4 trillion in debt. Minus foreign reserves invested in First World securities, it's $2.8 trillion. Including hidden wealth, they're net lenders.

Key is that assets of these countries are held by wealthy elites. Ordinary people bear the burden of debts.